Shares of Cypress Semiconductor Co. (NASDAQ:CY) have earned a consensus rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.17.

CY has been the subject of several research analyst reports. Roth Capital dropped their price target on Cypress Semiconductor from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Cowen lowered their target price on Cypress Semiconductor from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. Craig Hallum lowered their target price on Cypress Semiconductor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, October 26th. SunTrust Banks lowered their target price on Cypress Semiconductor to $13.50 and set a “hold” rating for the company in a research note on Friday, October 26th. Finally, Barclays lowered their target price on Cypress Semiconductor from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd.

In other Cypress Semiconductor news, EVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $14.00, for a total transaction of $42,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Camillo Martino acquired 5,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $12.80 per share, with a total value of $64,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 69,898 shares of company stock valued at $968,272. 0.43% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Cypress Semiconductor during the 3rd quarter worth approximately $5,458,000. Vanguard Group Inc. lifted its holdings in Cypress Semiconductor by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 37,219,787 shares of the semiconductor company’s stock worth $539,316,000 after buying an additional 2,820,094 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Cypress Semiconductor by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 598,602 shares of the semiconductor company’s stock worth $8,674,000 after buying an additional 19,087 shares during the last quarter. Martingale Asset Management L P bought a new position in Cypress Semiconductor during the 3rd quarter worth approximately $2,752,000. Finally, Advisory Services Network LLC lifted its holdings in Cypress Semiconductor by 1,110.7% during the 3rd quarter. Advisory Services Network LLC now owns 55,003 shares of the semiconductor company’s stock worth $797,000 after buying an additional 50,460 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors.

NASDAQ CY traded up $0.13 during trading hours on Wednesday, hitting $14.95. 183,371 shares of the company’s stock were exchanged, compared to its average volume of 4,785,577. Cypress Semiconductor has a 12-month low of $11.75 and a 12-month high of $18.87. The company has a market capitalization of $5.36 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.73 and a beta of 1.85. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, January 31st. The semiconductor company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Cypress Semiconductor had a return on equity of 22.01% and a net margin of 14.28%. The firm had revenue of $604.47 million for the quarter, compared to the consensus estimate of $598.72 million. Equities analysts predict that Cypress Semiconductor will post 0.85 EPS for the current year.

About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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Analyst Recommendations for Cypress Semiconductor (NASDAQ:CY)

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